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CM - EOG will spend up to $6.5B this year; 2018 results a record -March 07, 2019
This year, EOG Resources Corp. plans to allocate more capital to opportunistic, high-quality new drilling potential while cutting back somewhat on spending in established areas, the company announced Feb. 26. Its exploration and development activities are expected to cost $6.1-6.5 billion in 2019, including facilities and gathering, processing and other expenditures, but excluding acquisitions and non-cash exchanges. EOG will spend on leasing and related infrastructure to drill wells in a number of new prospects to test frontier plays this year. For the money......
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